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Citigroup Inc (C_pc.PH)

C_pc.PH on Philadelphia Stock Exchange

21 Dec 2016
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Latest Key Developments (Source: Significant Developments)

Wirecard sees Citi prepaid adding more than 13 mln euros to FY EBITDA
Thursday, 17 Aug 2017 01:49am EDT 

Aug 17 (Reuters) - Wirecard AG :Sees organic growth of 25 percent in FY 2017.Sees more than 13 million euros EBITDA contribution from Citi prepaid.Sees no contribution from Citi's merchant acquiring business across APAC.  Full Article

Citigroup says credit card charge-offs 2.07‍​ pct in July vs 2.40 pct in June
Tuesday, 15 Aug 2017 02:28pm EDT 

Aug 15 (Reuters) - Citigroup Inc ::Credit card charge-offs 2.07‍​ percent in July versus 2.40 percent in June - SEC filing.Credit card delinquency rate 1.39 percent at July end versus 1.38 percent at June end.  Full Article

Citi appoints Gonca Latif-Schmitt as global head of Commercial Cards
Tuesday, 15 Aug 2017 09:00am EDT 

Aug 15 (Reuters) - Citigroup Inc :Citi appoints Gonca Latif-Schmitt as global head of Commercial Cards.Citigroup Inc - ‍gonca most recently was head of North American Commercial Cards​.  Full Article

Citigroup files to offer up to $17.35 bln of its securites
Friday, 4 Aug 2017 12:30pm EDT 

Aug 4 (Reuters) - Citigroup Inc :Citigroup files prospectus with U.S. SEC to offer up to $17.35 billion of its securites - SEC filing.Citigroup - Securities it may offer may include debt securities, common stock warrants, index warrants, preferred stock, depositary shares among others.  Full Article

Citi Private Bank appoints David Bailin as global head of investments
Wednesday, 26 Jul 2017 10:40am EDT 

July 26 (Reuters) - Citi Private Bank:Citi private bank appoints david bailin as global head of investments.Citi private bank - prior to joining citi, bailin was managing director, head of alternative investment asset management bofa global wealth and investment.  Full Article

Citi Retail Services expands partnership with American Honda Motor
Wednesday, 26 Jul 2017 10:08am EDT 

July 26 (Reuters) - Citi Retail Services::Citi Retail Services expands partnership with American Honda Motor Corp..Long-term agreement with American Honda Motor to provide private label credit card program for Honda's Powersports dealer network nationwide.  Full Article

Citigroup targets FY EPS of about $9.00 by 2020 - presentation
Tuesday, 25 Jul 2017 09:47am EDT 

July 25 (Reuters) - Citigroup Inc ::Citigroup says targets FY EPS of about $9.00 by 2020 - presentation.  Full Article

Citigroup says expects to produce $20 bln in net income by 2020 - Presentation‍​
Tuesday, 25 Jul 2017 09:17am EDT 

July 25 (Reuters) - Citigroup Inc ::Says targets RoTCE of about 11 percent by 2020 ‍​- presentation.Says targets efficiency ratio at low – 50 percent by 2020.Says targets RoTCE Ex. DTA of about 13 percent by 2020​.To generate $2.5 billion of annual efficiency savings by 2020 for reinvestment in franchise‍​‍​.Says targets return on assets 90 bps – 110 bps by 2020.Says to increase annual investment spend by about $1.5 billion by 2020.Says expects to produce $20 billion in net income by 2020 - presentation.Says targets 14 percent return on tangible common equity (RoTCE) over longer term - presentation.Says expects to hit over longer-term 14 percent RoTCE target on earnings growth from consumer, institutional businesses.Says targets total capital return $60 plus billion through 2020.Says expects CCAR capital return of $20 plus billion in 2018 and 2019 ‍​.Says expects CET1 capital ratio of 11.5 percent by year-end 2019 ‍​.  Full Article

Citi announces collaboration with Cornell Tech
Monday, 24 Jul 2017 09:00am EDT 

July 24 (Reuters) - Citigroup Inc ::Citi announces collaboration with Cornell Tech.  Full Article

Citi and PayPal expand partnership to deliver enhanced payments experience
Thursday, 20 Jul 2017 08:59am EDT 

July 20 (Reuters) - Citigroup Inc ::Citi and PayPal expand partnership to deliver enhanced payments experience.PayPal Holdings Inc - ‍functionality is slated to launch in 2018​.PayPal Holdings - expansion of deal will enable eligible Citi cardmembers to use thankyou points to pay for purchases when shopping online​.  Full Article


Frankfurt and Dublin make bankers feel wanted in battle for Brexit jobs

LONDON/DUBLIN "I'm here to send you the regards of the Federal Chancellor. I am entitled to tell you we want you in Germany." This private message from Angela Merkel, delivered by a regional politician to Wall Street bankers last year, is having the desired effect. | Video